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C. Journalize the following transactions of Copper Corp. (Omit explanations.) (1) On February 20, Copper declared a $60,000 cash dividend. (2) On March 22, Copper
C. Journalize the following transactions of Copper Corp. (Omit explanations.) | |||||||
(1) On February 20, Copper declared a $60,000 cash dividend. | |||||||
(2) On March 22, Copper paid the cash dividend declared on February 20. | |||||||
(3) On December 15, Copper declared a 5% stock dividend on 160,000 shares of $20 par value common stock | |||||||
with a market value of $25 per share. | |||||||
(4) On January 14, Copper issued the stock certificates for the stock dividend declared on December 15. | |||||||
(5) On February 20, Copper declared a 2 for 1 stock split, exchanging 380,000 shares of $10 par common | |||||||
stock for 190,000 shares of $20 par common stock. | |||||||
JOURNAL | PAGE | ||||||
DATE | DESCRIPTION | POST REF. | DEBIT | CREDIT | |||
1 | 1 | ||||||
2 | 2 | ||||||
3 | 3 | ||||||
4 | 4 | ||||||
5 | 5 | ||||||
6 | 6 | ||||||
7 | 7 | ||||||
8 | 8 | ||||||
9 | 9 | ||||||
10 | 10 | ||||||
11 | 11 | ||||||
12 | 12 | ||||||
13 | 13 | ||||||
14 | 14 | ||||||
15 | 15 | ||||||
16 | 16 | ||||||
17 | 17 | ||||||
18 | 18 | ||||||
19 | 19 | ||||||
20 | 20 | ||||||
21 | 21 | ||||||
22 | 22 |
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